Expiry Special Analysis for 4th June'2020.
21,244 is the SL for intraday shorts, if BN stays above get into long with SL of 20,800 T 21,600 -21,900.
If 20,600 is broken, short with SL of 20,850, T 20,320/20,200 & 19,800.
The reversal of the bull phase is below 19,801.
The market has to consolidate before moving up, if consolidation doesn't happen we might go for a sharp cut.
Till now I am long on the index, TSL 19,800.
We need at least 15 min 60 bars consolidation for this up-move to sustain (Consolidation Range:- 22,000-20,000)
The next big move up or down is due next week, this week extremes are already done.
If my calculations are wrong, upside levels will be 23k and downside levels 19K
#banknifty #niftybank #trading
If 20,600 is broken, short with SL of 20,850, T 20,320/20,200 & 19,800.
The reversal of the bull phase is below 19,801.
The market has to consolidate before moving up, if consolidation doesn't happen we might go for a sharp cut.
Till now I am long on the index, TSL 19,800.
We need at least 15 min 60 bars consolidation for this up-move to sustain (Consolidation Range:- 22,000-20,000)
The next big move up or down is due next week, this week extremes are already done.
If my calculations are wrong, upside levels will be 23k and downside levels 19K
#banknifty #niftybank #trading
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